Oct 3, 2012 4:00am EDT
for inviting me. >> hong kong university of science and technology. very much appreciate your thoughts. let's give you a look at what's on the agenda in asia tomorrow. japan central bank begins its two-day policy meeting. the boj is likely to stand pat this time around but may signal more stimulus on the 30th of october. elsewhere, india posed september services pmi following strong numbers in august and cnbc will have an exclusive interview with malaysia's prime minister, so be sure to tune in for that. >>> back over this side of the world, business activity in the eurozone shows no sign of a rebound. the latest composite pmi figures for september fell to the low nest three years. france and spain saw a mild contraction as the country struggled with painful austerity measures. >>> meanwhile, growth in britain's sector services slowed in september. services pmi fell to 52.2 last month down from a reading of 53.7 in august. joining us now discuss is chris williamson, chief economist at market. good to have you onboard. i want to start out with the uk numbers because we've seen some move in t
Oct 5, 2012 4:00am EDT
in demand, two-thirds of it will be delivered for natural gas for use as the fracking technologies. >> which is obviously drawing a lot of investment into the sector. so if investors feel positive putting money into it in. >> there are two sides to the investment story. the global which is all about investment in the massive reserves of shale gas and other conventional gas opportunities. but investment is also about the real need to improve the technologies for fracking especially in europe where economic viability of tracking is still challenging. for example in the uk, while there is a real opportunity for energy being extended as a result of fracking, the result is 20% of the offshore shale gas reserves are economically viable to date. >> also what about the concerns of the actual procedure itself? because you're blasting through rock with water, so you're really upsetting the structure i guess of the earth itself. people are very worried about whether that becomes destabilizing. >> that's very true. there are a lot of environmental and social concerns around fracking. for example, govern
Sep 28, 2012 4:00am EDT
] introducing a stunning work of technology. introducing the entirely new lexus es. and the first-ever es hybrid. this he pursuit of perfection. >>> euro crisis as global stocks come rally after spain announces major budget returns. today president hollande unveiling his country's plan, reportedly set to include a 75% tax for high earners. libor overhaul, the uk's top regulator plans to aggressively change the way banks set interest rates. and the third quarter comes to a close. the s&p snapping a five day slump as the bulls try to end september in style. it is friday, september 28th, only 30 days i'm told this month, 2012. and "squawk box" begins right now. >> it's been a strong september for stocks. let's take a look at the third quarter returns. the dow is up 4.7%. s&p 500 is up 6.2%. and the nasdaq has a gain of nearly 7%. throughout the morning, we'll be focusing on what the fourth quarter holds. general electric at levels not seen since october of 2008. discover financial is trading at all-time high levels.
Oct 2, 2012 4:00am EDT
patent battle in the u.s. technology shares lent support to the taiwan market. mainland china bourses remain closed for the whole week and we'll check in with the hong kong and indian markets when they resume trading tomorrow. back to you. >> thanks very much for that. so that's where we stand right now ahead of the u.s. trading day. october known as a jinx month for u.s. markets because of historic crashes in 1929 and 1987, but how october goes doesn't always translate into a negative for the entire fourth quarter. since 1980, the fourth quarter has traditionally been the best quarter of the year for both the dow, s&p 500 as well as the nasdaq. joining us is partner at bell curve. morning, bill. good to see you. the thing is, we've had a pretty good third quarter, pretty good year, so how does that set us up from a technical point of view? >> well, i think there are two strats that we're looking at. short term over the next month before the election, i think the market's in a holding pattern. i'd call it 1400 to 1500 in the s&p 500. i think with the open end quantitative easing, i ca